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Twitter timeline saga revealed!

Twitter buyout drama, timeline in series of tweets

It all started when Elon Musk tweeted that he’s “giving serious thought” on building his own social media platform, or  the “next Twitter.” and most importantly, he asks the Twitter users on a tweet- poll, if they want to add an edit button!

Soon after on,

April 4 Elon buys 9.2% share of Twitter.

Twitter confirms that the SpaceX and Tesla boss has taken a 9.2% share of the company,

valued at $2.9 billion based on Friday’s (March 4th) share price.

On April 5 , Twitter CEO Parag Agrawal announced that Elon Musk was appointed to Twitter’s board

Few days after,

April 10, another twist to the story, as Elon announces he will no longer be joining Twitter’s board.

April 11, and a Twitter shareholder sues Musk, as he failed to promptly disclose his huge investment in Twitter

April 14, Elon Musk offers to buy Twitter, the whole company, for $43 billion and was willing to pay $54.20 per share to buy 100% of the company.

It would be an all-cash offer that values the social network at $43.4 billion.

  • He filed the offer with the SEC and tweeted it out (hours before he was interviewed on TED)

The following day,

April 15, Twitter’s board turns toward the final defense and introduces ‘the poison pill’ as board of directors announced in a press release that the company is adopting a limited-duration shareholder rights plan

Elon Musk breaks down how he’d fund his $43 billion bid for Twitter and the next day,

April 25 Twitter said to be close to a deal with Elon Musk, later the same day, announcing that Twitter accepts Elon Musk’s $44 billion acquisition offer

 April 26, Musk’s officially acquires the publicly traded company at $54.20/share, valuing the social media platform at $44 billion.